Alton, IL Multifamily Properties for Sale

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West Alton, MO Godfrey, IL East Alton, IL

12 properties

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Updated: Mar 31

Multifamily Redevelopment Property

427 E 4th Street, Alton, IL 62002

$200,000

2,275 sqft · 0.22 AC lot

Brick multi‑family building built in 1940
Property has been gutted and is ready for redevelopment
Natural gas forced‑air heating; window/wall A/C units
Gas water heater; public water source
Driveway parking

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This listing looks promising.

Here's a quick look at some key insights for

427 E 4th Street, Alton, IL 62002

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Est. Cap Rate

8.4%
Above avg (5.9%)
Est. NOI

$17K
Annual
Price @ 7% Cap

$239K
Above asking
Property Type

Triplex
Built 1910

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Updated: Jun 15

Mixed-Use Retail and Residential Building

119 W 3rd Street, Alton, IL 62002

$699,000

10,200 sqft · 0.06 AC lot

Mixed‑use downtown Alton income property with restaurant and bar on the main level
Main‑level salon space plus restaurant/retail area, each with access to an outdoor patio
Four residential apartments above: 2 two‑bedroom units and 2 one‑bedroom units
Fenced outdoor patio for dining, entertainment, and special events
Expansive storage area offers potential for redevelopment into additional apartment units

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Historic Campus Mixed-Use Opportunity

2009 Seminary Street, Alton, IL 62002

$530,000

35,465 sqft · 39.30 AC lot

Historic multi-building campus with classroom, administrative, dorm-style housing, and gym space on nearly 40 acres.

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Duplex Income Property with Two Units

821 Alby Street, Alton, IL 62002

$149,500

3,258 sqft · 0.22 AC lot

Fully occupied duplex with a 2-bedroom unit and a remodeled 3-bedroom unit, suited for rental income.

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Two-Story Apartment Building with Five Units

1011 State Street, Alton, IL 62002

$225,000

3,826 sqft · 0.21 AC lot

Well-maintained, five-unit rental building offers a mix of efficiency, one-bedroom, and two-bedroom apartments.

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Corner Multifamily with 14 Units

2705 College Avenue, Alton, IL 62002

$980,000

0.33 AC lot

Two-building investment property near the Dental College, offering 14 units and on-site coin laundry.

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Historic Quadplex Guest House

617 State Street, Alton, IL 62002

$495,000

0.21 AC lot

Four furnished units with fireplaces and private patio/courtyard access on a corner lot in Alton.

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Two-Unit Duplex with Two Bedrooms

504 MARSH Avenue, Alton, IL 62002

$129,000

Turnkey 2-unit duplex built in 2001, featuring recent roof, water heater, and HVAC updates plus long-time tenants.

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Four-Unit Residential Income Property

612 Mechanic Street, Alton, IL 62002

$139,000

1,594 sqft · 0.17 AC lot

Four one-bedroom, one-bath units offer a straightforward residential income setup with three units currently occupied.

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Former School with Redevelopment Potential

121 W Elm Street, Alton, IL 62002

$285,000

33,150 sqft · 2.18 AC lot

Former school building suitable for redevelopment into residential or commercial property.

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Fully Rented Townhome Investment

612-30 Washington, Alton, IL 62002

Contact for pricing

0.60 AC lot

Ten townhomes, fully rented, with recent significant renovations.

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Former School with Redevelopment Potential

121 W Elm Street, Alton, IL 62002

$285,000

33,150 sqft

Former school building suitable for redevelopment or community use.

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Based on your search, we've compiled 45 Potential Opportunities for your consideration. Besides 12 Active listings in Alton, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 25 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Rehabbed 3BR/1BA Duplex Property

613 Reed Drive, East Alton, IL 62024

$120,000

1,625 sqft · 0.05 AC lot

Rehabbed duplex with central heat and air, new HVAC, and tenant-paid utilities for each 3-bedroom, 1-bath unit.

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Mixed-Use Live-Work Building

602 Wood River Avenue, Wood River, IL 62095

$88,500

2,555 sqft · 0.14 AC lot

B1 zoned mixed-use property with storefront space and two residential units, including a 3-bedroom upstairs apartment.

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Three-Unit Residential Income Property

187 Goulding Street, East Alton, IL 62024

$54,900

1,288 sqft · 0.10 AC lot

Vacant three-unit duplex-and-single-family property with separate electric, water, and gas meters, ready for rehab.

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Mixed-Use Building with Two Apartments

258 E Ferguson Ave, Wood River, IL 62095

$95,000

Unfinished main level with bathroom plumbing and upstairs two 1-bedroom units, plus shared access to a garage via alley.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Land Development Parcel

17039 Hillside Lane, Jerseyville, IL 62052

$70,000

2.10 AC lot

Roughly two acres off Route 67 with utilities in place and an existing concrete pad for flexible development uses.

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Residential Lot in Park Hills

226 N Large Street, Park Hills, MO 63601

Contact for pricing

0.26 AC lot

Corner lot suitable for building or mobile home placement.

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Residential Lot in Wellsville, MO

412 Washington Street, Wellsville, MO 63384

Contact for pricing

0.17 AC lot

Ready-to-build residential lot in a charming small town.

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Recreational Land Near Lake Perry

1003 Port Perry Drive, Perryville, MO 63775

$90,000

22,215 sqft

Half-acre recreational lot with utilities near Lake Perry amenities.

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Off-Market Properties in Alton, IL

Consider similar Off-Market properties in Alton, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (5+ UNITS)

2500 Donald Ave, Alton, IL 62002-2817

Value Estimation by Request

2,485 sqft · 0.21 AC lot

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APARTMENT HOUSE (5+ UNITS)

310 Ml St, Alton, IL 62002-6130

Value Estimation by Request

2,690 sqft · 0.40 AC lot

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APARTMENT HOUSE (5+ UNITS)

635 5th St, Alton, IL 62002-2679

Value Estimation by Request

1,024 sqft · 0.15 AC lot

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APARTMENT HOUSE (5+ UNITS)

418 3rd St, Alton, IL 62002-2411

$520,000

Estimated value

4,867 sqft · 0.17 AC lot

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APARTMENT HOUSE (5+ UNITS)

319 3rd St, Alton, IL 62002-2407

Value Estimation by Request

1,120 sqft · 0.19 AC lot

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APARTMENT HOUSE (5+ UNITS)

620 9th St, Alton, IL 62002-3623

Value Estimation by Request

4,218 sqft · 0.14 AC lot

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APARTMENT HOUSE (5+ UNITS)

10 Riv Reach Ct, Alton, IL 62002-7393

$10,365,000

Estimated value

14,976 sqft · 0.08 AC lot

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APARTMENT HOUSE (5+ UNITS)

9 Riv Reach Ct, Alton, IL 62002-7396

$9,575,000

Estimated value

7,920 sqft · 0.39 AC lot

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APARTMENT HOUSE (5+ UNITS)

13 Riv Reach Ct, Alton, IL 62002-7395

$10,230,000

Estimated value

11,900 sqft · 0.04 AC lot

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APARTMENT HOUSE (5+ UNITS)

6 Riv Reach Ct, Alton, IL 62002-7389

$10,810,000

Estimated value

7,920 sqft · 0.41 AC lot

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APARTMENT HOUSE (5+ UNITS)

14 Riv Reach Ct, Alton, IL 62002-7391

$9,910,000

Estimated value

11,998 sqft · 0.32 AC lot

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APARTMENT HOUSE (5+ UNITS)

5 Riv Reach Ct, Alton, IL 62002-7388

$9,475,000

Estimated value

7,920 sqft · 0.45 AC lot

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Alton, IL Multifamily Properties Market Trends and Statistics

Explore 37 multifamily properties for sale in Alton, IL, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 122,918 square feet of properties for sale, with an estimated market value of $2,512,500.

Sale prices for multifamily properties in Alton, IL start at $139,000, averaging $314,062, and reaching up to $699,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 30K

Population Growth (5Y) -3.3%

Median Household Income $57,851

College Educated 32.2%

High-Yield Neighborhoods for Investment

Identify Alton submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
62002	$374.2K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Madison County

New Delisted

Total CRE Inventory on Market (SF)

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Alton, IL Multifamily Properties for Sale

427 E 4th Street, Alton, IL 62002

119 W 3rd Street, Alton, IL 62002

2009 Seminary Street, Alton, IL 62002

821 Alby Street, Alton, IL 62002

1011 State Street, Alton, IL 62002

2705 College Avenue, Alton, IL 62002

617 State Street, Alton, IL 62002

504 MARSH Avenue, Alton, IL 62002

612 Mechanic Street, Alton, IL 62002

121 W Elm Street, Alton, IL 62002

612-30 Washington, Alton, IL 62002

121 W Elm Street, Alton, IL 62002

Opportunities in Nearby Cities

613 Reed Drive, East Alton, IL 62024

602 Wood River Avenue, Wood River, IL 62095

187 Goulding Street, East Alton, IL 62024

258 E Ferguson Ave, Wood River, IL 62095

Potential Development Sites for Consideration

17039 Hillside Lane, Jerseyville, IL 62052

226 N Large Street, Park Hills, MO 63601

412 Washington Street, Wellsville, MO 63384

1003 Port Perry Drive, Perryville, MO 63775

Off-Market Properties in Alton, IL

2500 Donald Ave, Alton, IL 62002-2817

310 Ml St, Alton, IL 62002-6130

635 5th St, Alton, IL 62002-2679

418 3rd St, Alton, IL 62002-2411

319 3rd St, Alton, IL 62002-2407

620 9th St, Alton, IL 62002-3623

10 Riv Reach Ct, Alton, IL 62002-7393

9 Riv Reach Ct, Alton, IL 62002-7396

13 Riv Reach Ct, Alton, IL 62002-7395

6 Riv Reach Ct, Alton, IL 62002-7389

14 Riv Reach Ct, Alton, IL 62002-7391

5 Riv Reach Ct, Alton, IL 62002-7388

Alton, IL Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Need Help?

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